Operating your business as a cosmetic nurse providing injectable treatments involves having a clear understanding of the industry and the risks involved. As a cosmetic injector you need to also understand the types of insurance available to you, why you need it and what it is protecting you from.
Given the nature of the treatments you as a cosmetic injector provide, you need to be prepared for if anything goes wrong. If you haven’t secured adequate insurance, you will be personally liable for any claims made against you.
Let’s look at some potential risks to you and your business and what steps and insurances you may need to take to ensure your continued success as a cosmetic injector.
Even if you are the most experienced injector, occasionally treatments can go wrong or be alleged to have gone wrong if the client is not happy with the results. It could be a mild adverse reaction such as swelling and lumpiness, or complications as serious as an injection site reaction or vascular occlusion causing skin necrosis (although very rare – thankfully!).
Clients who suffer an adverse event during a non-surgical cosmetic procedure could demand reimbursement for their medical expenses, and compensation for any financial losses they may incur as a result of the injury.
You need to ensure you have Professional Indemnity and Medical Malpractice insurance in place to provide cover for any compensation claims or allegations of wrongdoing, including damages and legal defense costs and expenses.
With any treatment there are potential complications and always a risk of injury being caused to your client, or damage to their property. Public Liability is the second necessary type of insurance for a cosmetic injector, which covers accidents in your clinic.
If you spilt something on the floor of your clinic and your client slips and falls injuring themselves, or should you accidently damage a clients property during treatment, you are at risk of a claim being made against you.
Public Liability insurance may protect you from paying associated costs of compensation to third parties if a claim is made against you.
An unexpected event could occur at any time. If a storm, fire, accidental damage, or theft occurs, you could be left in an unforeseen situation that could end up costing you a lot financially.
Any injectable product that you have stored could potentially be ruined if a storm causes a power surge and your fridge stops working. Or a fire could destroy your clinic and leave you in a situation where you lose everything. Could you afford to replace everything if something like this happened?
Insurance covering to protect you for material damage losses is a must. Business Insurance often comes as a package encompassing a range of different coverage options to cover the costs of structural damages, replacing, or fixing contents stolen or damaged, and specialised equipment cover.
Additional steps to protect yourself in any circumstance:
Sparrow Insurance can protect you in the event of a mishap by providing experience, knowledge and support to ensure the best outcome for you and your business. All you need to do is contact Sparrow Insurance directly for an easy quotation process. Call today on (07) 5502 8326 or get an instant quote online here.
General Advice Warning
This advice has been prepared without taking into account the client's objectives, financial situation or needs.
Because of that, before acting on the above advice, the client should consider its appropriateness (having regard to their objectives, needs and financial situation).
If the advice is related to the acquisition of an insurance contract, the client should obtain a Product Disclosure Statement relating to the product before deciding whether to acquire it.
Copyright 2022 © Sparrow Insurance Co. Pty Ltd. - an Authorised Representative (No. 001285344) of EBN Holdings Pty Ltd ABN 24 635 396 306 AFSL 518220
